King Chou Marine Technology Co (ROCO:4417) Return-on-Tangible-Equity: 15.59% (As of Dec. 2025) — 18% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:4417 King Chou Marine Technology Co Ltd ROCO:4417
84 GF Score
Price NT$43.45
GF Value NT$47.90
Valuation Fairly Valued
View Full Analysis

What is King Chou Marine Technology Co Return-on-Tangible-Equity?

King Chou Marine Technology Co ROCO:4417 84 Return-on-Tangible-Equity is 15.59% as of Dec. 2025, which is 18% above its 10-year median of 13.18. GuruFocus rates ROCO:4417 with a GF Score™ of 84/100 and a GF Value™ of NT$47.90 (Fairly Valued). Among 1,015 Manufacturing - Apparel & Accessories companies, King Chou Marine Technology Co ranks better than 84.63% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. King Chou Marine Technology Co's annualized net income for the quarter that ended in Dec. 2025 was NT$483 Mil. King Chou Marine Technology Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,100 Mil. Therefore, King Chou Marine Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.59%.

The historical rank and industry rank for King Chou Marine Technology Co's Return-on-Tangible-Equity or its related term are showing as below:

ROCO:4417' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.72   Med: 13.18   Max: 19.34
Current: 16.94

During the past 13 years, King Chou Marine Technology Co's highest Return-on-Tangible-Equity was 19.34%. The lowest was 10.72%. And the median was 13.18%.

ROCO:4417's Return-on-Tangible-Equity is ranked better than
84.63% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43 vs ROCO:4417: 16.94

King Chou Marine Technology Co  (ROCO:4417) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


King Chou Marine Technology Co Return-on-Tangible-Equity Related Terms


King Chou Marine Technology Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for King Chou Marine Technology Co's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

King Chou Marine Technology Co Return-on-Tangible-Equity Chart

King Chou Marine Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.72 15.50 11.27 12.76 16.46

King Chou Marine Technology Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.11 12.43 23.81 16.68 15.59

King Chou Marine Technology Co Return-on-Tangible-Equity Competitor Comparison

For the Textile Manufacturing subindustry, King Chou Marine Technology Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


King Chou Marine Technology Co Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, King Chou Marine Technology Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where King Chou Marine Technology Co's Return-on-Tangible-Equity falls into.


ROCO:4417
84GF Score
King Chou Marine Technology Co Ltd ROCO:4417
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

King Chou Marine Technology Co Return-on-Tangible-Equity Calculation

King Chou Marine Technology Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=515.104/( (3047.051+3211.338 )/ 2 )
=515.104/3129.1945
=16.46 %

King Chou Marine Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=483.464/( (2989.251+3211.338)/ 2 )
=483.464/3100.2945
=15.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 15.59% mean?
King Chou Marine Technology Co (ROCO:4417) has a Return-on-Tangible-Equity of 15.59% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on King Chou Marine Technology Co and its competitors. This is 18% above median its historical median of 13.18. Over the past decade, King Chou Marine Technology Co's Return-on-Tangible-Equity has ranged from 10.72 to 19.34. According to the industry distribution chart, King Chou Marine Technology Co ranks #156 out of 1015 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.4%.
Is King Chou Marine Technology Co's Return-on-Tangible-Equity too high?
King Chou Marine Technology Co's current Return-on-Tangible-Equity of 15.59% is 18% above median its 10-year median of 13.18. Over the past 10 years, this metric has ranged from a low of 10.72 to a high of 19.34. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. King Chou Marine Technology Co's value of 15.59% is 251.9% above this industry median. Based on the distribution chart, King Chou Marine Technology Co ranks #156 out of 1015 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, King Chou Marine Technology Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does King Chou Marine Technology Co's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, King Chou Marine Technology Co ranks #156 out of 1015 companies for Return-on-Tangible-Equity. This places King Chou Marine Technology Co in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. King Chou Marine Technology Co's value of 15.59% is 251.9% above this benchmark. Historically, King Chou Marine Technology Co's own Return-on-Tangible-Equity has ranged from 10.72 to 19.34 over the past decade. While the company's 10-year median is 13.18 vs. the industry median of 4.43, King Chou Marine Technology Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. King Chou Marine Technology Co's current Return-on-Tangible-Equity of 15.59% is 251.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on King Chou Marine Technology Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. King Chou Marine Technology Co's current Return-on-Tangible-Equity is 15.59%, which is 18% above median its own 10-year median of 13.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is King Chou Marine Technology Co stock overvalued right now?
Based on GuruFocus' analysis, King Chou Marine Technology Co (ROCO:4417) is currently considered Fairly Valued. The stock's GF Value™ is NT$47.90, compared to a current price of NT$43.45 — trading 9.3% below its estimated fair value. The current Return-on-Tangible-Equity is 15.59%, which is 18% above median its 10-year median of 13.18 and 251.9% above the Manufacturing - Apparel & Accessories industry median of 4.43. King Chou Marine Technology Co's overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For King Chou Marine Technology Co (ROCO:4417), the current Return-on-Tangible-Equity is 15.59% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is King Chou Marine Technology Co (ROCO:4417) Overvalued in 2026?

Based on GuruFocus' analysis, King Chou Marine Technology Co stock appears to be undervalued. The current stock price of NT$43.45 is trading 9.3% below its estimated GF Value™ of NT$47.90. GuruFocus considers King Chou Marine Technology Co to be Fairly Valued.

Key valuation signals for ROCO:4417:

  • Return-on-Tangible-Equity: 15.59% (18% above median its 10-year median of 13.18)
  • GF Value™: NT$47.90 vs. price of NT$43.45 (9.3% below fair value)
  • GF Score™: 84/100
  • Industry Position: 251.9% above the Manufacturing - Apparel & Accessories median (#156 of 1015)

No single metric tells the full story. See the ROCO:4417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


King Chou Marine Technology Co Business Description

Address No. 12, Hsingan Road, Hsinyuan Township, Kanghsi Village, Pingtung, TWN, 806
King Chou Marine Technology Co Ltd engages in the manufacturing, processing, domestic/export sales and export/import trade of a variety of fishing nets, twines and ropes. Its products include Nylon Twisted Net, Nylon Braided Net, Polyester Twisted Net, Polyster Braided Net, PE Twisted Net, Nylon Monofilament Net ( Regular and Flat type ), Nylon Multi-Mono Net, PE Braided Net, Nylon Raschel Knotless Net, Polyester Raschel Knotless Net, Nylon Super-Knot Knotless Net, PE Raschel Knotless Net, KK Raschel Knotless Net, and KK Braided Net. Its segments include King Chou, Kunshan King Chou, Vietnam King ChouIndonesia King Da, and Others.
84GF Score

Get the complete analysis for ROCO:4417

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$43.45
Price
NT$47.90
GF Value